Dan Frey Home Loans
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · VA
Assumable Loan + Second
Assumable · VA
Current Market Conventional
New · Conventional
Loan amount$252,125$252,125$359,999
Remaining term (yrs)25.325.330.0
Secondary amount$0$107,874$0
Funding fee$1,261$1,261$0
Note rate3.100%3.100%7.400%
Blended rate3.100%4.568%7.640%
1st payment$1,195.65$1,195.65$2,492.56
2nd payment$0.00$719.16$0.00
Taxes / mo$333.33$333.33$333.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$72.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,678.98$2,398.14$3,047.89
Cash to close$147,874$40,000$40,000